X0306 4 2017-02-15 0 0000895421 MORGAN STANLEY MS 0001662540 DARLING ALISTAIR C/O MORGAN STANLEY 1585 BROADWAY NEW YORK NY 10036 1 0 0 0 Common Stock 2017-02-15 4 F 0 1 46.4778 D 12702.625 D Shares withheld to satisfy taxes upon the conversion of stock units acquired through dividend reinvestment on February 15, 2017 and granted under the Morgan Stanley Directors' Equity Capital Accumulation Plan to the Reporting Person as part of his director compensation. /s/ Martin M. Cohen, Attorney-in-Fact 2017-02-17